621 Pleasant Valley Blvd
Altoona, PA 16602

This investment offering represents the chance to purchase an Advance Auto Parts with just shy of 9 years of firm lease term remaining. The property is located at 621-631 Pleasant Valley Blvd., in the Town of Altoona Pennsylvania. The property sits on the signalized corner of Pleasant Valley and 7th Street and adjacent to the main grocery anchored center in the immediate trade area. Advance Auto Parts exercised a 5 Year Option in 2018 and then Pre-Exercised another 5 year option in 2019 effectively extending the firm lease term through March 2029. The original lease was signed in 2004. Altoona was founded as major railroad town by the Pennsylvania Railroad in 1849. Since then Altoona has grown to be the 11th largest city is Pennsylvania. Altoona’s centralized location along Interstate 99 has made it at vital retail hot spot for the Tri-City Region. The city’s economic growth continues to attract major retailers such as Best Buy, The Home Depot, Dick’s Sporting Goods, Sam’s Club, and AMC Theatres which recently built a second location in Altoona. In addition to the major retailers, Marriott International and Hilton have built four subsidiary hotels in Altoona to serve the influx of tourist from the Blair County Convention Center, an 18 hole golf course at Park Hills Golf Club, and a minor league baseball team the Altoona Curve.